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Search Results 0 to 49 of about 123 (some duplicates have been removed)
KICU
Aug 12, 2013 4:00am PDT
, detroit's bankruptcy is hurting investor's miles from michigan. plus, why soda is becoming a harder sell. and, here's man's new best friend: why more chickens and roosters are moving away from the farm. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's monday, august 12th. i'm angela miles. in today's first look: is the summer rally slipping away? the major indicies all fell friday, ending down for the entire week. it's the first weekly decline since june as traders fret over the fed's next move. gold was a gainer by $4. oil added on $2.63 apple shines in its patent case. the internationl trade commission ruled that samsung infringed on iphone patents owned by apple. samsung is expected to appeal. and aol has turned into a chatter stock. shares rose 2% friday on speculation the internet company is planning drastic cuts or that it may shut down its local news sites, called patch. scott shellady of trean group joins us on this monday morning. happy monday morning to you, scott. - good morning. - how critica
FOX Business
Aug 6, 2013 1:00pm EDT
is the story with chicago? truly as bad as detroit or heading in that direction? >> economically not as bad a viable global city but their budget is a mess. $3 billion in taxes they collect, this year is the need to a $415 million for pensions and that is going to $1 billion in a year. this release the projection, that would be the third tax collection going in to pensions. this is something the state is mandating and they don't know how they can pay that. lori: you mentioned chicago economically in better shape. look at the baseball game where all those people to do a rod, more about that this afternoon but the underlying economy of chicago seems to have some growth potential. >> the economy there is okay and. nobody is really flying in this economy but here is the point, has not been economically declining of the way detroit is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% fu
FOX Business
Aug 12, 2013 4:00pm EDT
the potential space revolution. liz: you do not want to miss that. could detroit rise like a phoenix from the ashes bankruptcy? you remember we said buy low? ceo of a company of a high-end watchmaker who is betting the motor city can pull off a remarkable recovery. ♪ she knows you like no one else. and you woul't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. alis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your abily to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your art is healthy enough for sexualctivity. do notake cialis if you takeni, art is healthy enough as this may cause an unsafed. do nodo not drink aohol takeni, ain excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection la
FOX News
Aug 2, 2013 3:00am PDT
these rumors on the street. >>steve: and repeating them on that detroit radio station. bill o'reilly booked her last night. it was fiery. watch. >> chicago police, as you well know, are not gunning down black children. you know that; right? >> well, certainly they are not, bill. but based upon the history of african-americans in this country and based upon the fact that 70% of the murders in chicago are unsolved, 70% are unsolved, people are wondering what the heck is going on. certainly monique davis, who is a good friend to the police, who supports the police, i believe they're our first responder and i respect that, but i have the right as a legislator to repeat what my community says to me. >> not if it's irresponsible you don't. i hear a lot of *eurp -- irresponsible stuff. >> i don't think it is irresponsible. >> for chicago police to be accused of gunning down children? you don't think it'sish responsible. >> i don't think they said that. i said there was some suspicion -- >> that's irresponsible without any evidence. >>steve: we all hear crazy stuff. when you're in a position of power a
FOX Business
Aug 27, 2013 4:00pm EDT
at detroit. it is essentially bankrupt. that was really the hub of american manufacturing. does that show, what they did, we can talk about policy issues, what make as good or a bad manufacturing environment. is the fact that detroit is doing poorly any reflection on manufacturing at all in the u.s.? >> the story has changed. we tell the history of manufacturing when it was. 50% of the world's manufacturing base. what is the story of manufacturing today? what is going on with companies trying to compete in a global economy? we don't shy away from that in the movie. we tell the companies, small companies, large companies, competing, making things here still today. the truth it has changed. david: vince i look at two cities. i look at detroit. detroit has highest tax rate and regulations than any other city in michigan, any other citizen. it has the worst public services. what it tells me more government is not the solution to this. you have to get government out of the way, and lower taxes. they hired bad mayors a lot of whom are in jail. they raised taxes and regulations. is there a messa
CNN
Aug 31, 2013 7:00am PDT
troubles have left a very heavy mark on detroit. homes left abandoned to the elements, entire neighborhoods wiped out. but it's not just people who are down and out in the city. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through september 3rd. then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. at humana, our medicare agents sit down with you and ask. being active. and being with this guy. [ male announcer ] getting to know you is how we help you choose the humana medicare plan that works best for you. mi familia. ♪ [ male announcer ] we want to help you achieve your best health, so you can keep doing the things that are important to you. taking care o
FOX Business
Aug 19, 2013 11:00am EDT
a lawsuit in court. that is my guess. charles: take it away. not happy with the detroit bankruptcy filing. they need to speak up today or hold their peace. holding back financial aid to egypt. do we need to cut off all of the money going to that country? a raspberry instead of blackberry. the movie about steve jobs came in second at the box office over the weekend. listen to this. some wood off to lease themselves rather than till death do us part. ♪ connell: off to a good start. raspberry instead of apple. we have to rush to the news here. dagen: eckerd over the weekend. we have it all covered. connell: first the markets. last week was a rough week for stock markets. >> the dow was down 2.1% last week. the worst week for the dow and more than a year. they spoke in apple shares. it is kind of casting over the market a little bit. retail continues a little bit. they reported their numbers for the quarter. very convenient that dollar general got an upgrade today. that stock is up. dagen: deadline day today in detroit. connell: let's bring in jason riley. they are saying is detroit really
FOX Business
Aug 15, 2013 11:00am EDT
points lower than june. detroit emergency manager apologizing after calling some of the city residents those names. and the nfl hit with another concussion lawsuit. 83 former players led by pro-bowlers. they say they are suffering long-term effects from brain injuries sustained during their playing days. and we're watching the market this hour of "markets now." ♪ connell: those headlines show you there is a lot going on-9 today. we will get to the mess in egypt in just a moment, but first, our market today with the selloff, seeing the biggest decline in a couple of months. nicole petallides starts us off on the floor of the new york stock exchange. nicole: you are absolutely right. the lowest point, the biggest move to the downside since june 20. down about 1.5% right now. back on june 20 the dow dropped over 2%, this is the biggest moving percentage terms since that time. you have a couple of names that are weighing on the do dow jones industrial, better-than-expected economic news. walmart and kohls are two names we are following closely. as well as cisco systems. walmart higher p
FOX Business
Aug 6, 2013 11:00am EDT
. is chicago the next detroit? we raise this question before, why the problems plaguing the windy city could lead down the exact same road. ♪ with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer one pill each morning 24 hours. zero heartburn. do you min grabbing my phone and opening the capitaone purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it
MSNBC
Aug 30, 2013 3:00am PDT
in detroit. let's bring in now, former governor of pennsylvania, and nbc news political analyst, ed rendell, also editor in chief of "parade" magazine maggie murphy. the latest issue of "parade" is a labor day report on putting america back to work. let's jump right into it now. manufacturing is returning, about five, six, seven years ago, you start ed realizing tha the cost of producing products in china were going up, the labor prices were going up with fuel costs up, shipping costs a lot more, companies in america started reorganizing. yesterday an extraordinary story about the uaw and ford joining arms, locking arms, 20,000 new jobs coming to detroit right away. i mean, things are really turning around. and you look forward over the next decade, it speeds up. we've got an energy boom coming. the likes of which we haven't seen in 100 years. it's going to get much cheaper to make products in america. >> it's going to get cheaper and the other thing along with companies and sort of the economics that it's good to grow some stuff here, consumers now connect by u.s. products, u.s. jobs. down
Al Jazeera America
Aug 28, 2013 6:00am EDT
a community activist in detroit, only learned of the existence of the picture five years ago, and that's when a cousin recognized her in a catalog. this is her story, this her own words. >> i was 12 years old when that picture was taken of me on august 8th 1963. when my cousin called and told me that that picture was on a black history calendar, i didn't believe it. i couldn't imagine why a picture of me would be in a calendar with historic people. i junked stood there were injustices to people to people that looked like me, and it was hurtful for me 20 see that and know that, but i still had hope. >> i believed that what i do in my life today is largely cue to the august 28th march. it is just not right for people to suffer injustices. a community activist is somebody that goes oen the front lines to try to make the wrongs right, and make life better equality of life better for other people. >> the top wires are the higher vole age. you don't want vegetation on those. they are in violation. they must clear these lines because it puts your lives in danger. >> being a community activist in det
CSPAN
Aug 25, 2013 12:40pm EDT
, a debt overhang discourages new capital from coming in. if you don't know, think of detroit. would you lend to detroit today? you wouldn't. you would want to find out what happens to others who lend to detroit. there is the longer-term agenda. that has to do with potential growth. that speaks to education. it speaks to some micro things that we should be doing. one of the problems of the fed being the center of attention is it diverts discussion away from other things. there is this whole set of other things that are more important for us and for the next generation, that this whole narrative have shifted away from. >> as chief of the white house global council of economics, what types of new projects are you working on? >> you have promoted me. [laughter] i am grateful to be chair of the council on global development. the notion is very simple. part of securing u.s. national security and economic future and living in a global neighborhood that is more prosperous. it has had numerous advantages. the idea is to contribute and bring in outside perception. we are a council made of people
CNBC
Aug 19, 2013 3:00pm EDT
. in detroit, it's speak now or forever hold your peace. today is the deadline for written objections to detroit's bankruptcy filing. wdiv's rod maloney is in the motor city with what's on the line. rod, good to have you. >> reporter: thank you, maria. i'm glad to be here. you know, it's one of the things where tonight at midnight, anybody who objects to the bankruptcy filing by the city has to do that. so, in fact, this morning, a large group of detroiters got together out in front of the bankruptcy court here, from the national action network, reverend al sharpton organization, and they started out filling paperwork and submitted it to the bankruptcy court today. it showed up in the filing. along with them were a lot of other creditors looking to try and derail this process. and what many people don't understand about municipal bankruptcy is that you can't just file and then you are in bankruptcy. it is a qualification process. and so, what they're doing here is they're making their objections known to the judge, telling him that they don't think this is a right or constitutional pr
CNBC
Aug 14, 2013 9:00am EDT
on a merger and our muni guys. in 7 1/2 minutes we'll talk to new jersey, illinois, and detroit. you don't want to miss this one. - tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-2550 they helped me set up my platform the way i wanted, tdd#: 1-800-345-2550 from the comfort of my home. tdd#: 1-800-345-2550 and we talked about ideas and strategies, one on one! tdd#: 1-800-34
CSPAN
Aug 4, 2013 12:00pm EDT
had the responsibility of trying to raise two young sons on her own, and in a city of detroit, inner city boston, and then back to detroit, after she got her footing. and that was very difficult. she only had a third agreed education. she worked very hard as a domestic. leaving at 5:00 in the morning north getting home until after midnight, going from job to job to job. she just had a disdain for welfare. and the sense that she was very observant and she noticed that no one she ever saw go on it came up a of it, and she just didn't like the idea of being dependent her whole life. so she figured she would work as long and as hard as she needed to, and that somehow god would take care of her. and i was an awful student, and -- but i just loved the whole concept of medicine. anytime there was story on television or the radio about medicine, i was right there. i just loved hearing about the story. interestingly enough, a lot of the big medical breakthroughs when i was a little kid seemed to be coming out of johns hopkins so i internalized one day i wanted to work at johns hopkins. but i
FOX News
Aug 6, 2013 10:00am PDT
of a financial crisis in the president's hometown going the way as detroit. >> could chicago fall victim to the same problems that caused the biggest municipal bankruptcy in u.s. history. >> how a predator from africa made its way in a family's apartment. >> one major provider telling folks that their coverage will be dropped as a direct result. we'll be right back. if you like your doctor, you will be able to keep your doctor, period. (applause) >> if you like your health care plan, you will be able to keep your health care plan, period. [ man ] look how beautiful it is. ♪ honey, we need to talk. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of w
CNBC
Aug 7, 2013 9:00am EDT
at the rise of twit we are the company's co-founder in just a couple minutes. >>> plus, is the detroit bankruptcy just the beginning? we'll take a look at state and local governments to see who might be the next bankruptcy and where it might be coming. is your city next? >>> first up, as we told you a few moments ago, the president cancelling a summit with vl vladimir putin over the treatment of edward snowden. eamon javers is live in washington with the latest. >> carl, just within the past few minutes or so, the white house has put out a statement saying that the president now that he's got some time to kill while he's over in europe is going to visit sweden which the white house calls a close friend and partner and obvious jab at russia. the white house saying this morning that the president is not going to participate in this planned summit with vladimir putin, the russian president. he is, however, going to go to the g-20, that's in st. petersburg, russia. he's not going to have that moscow meeting with put putin, however. among the reasons was the decision to give edward snowden
FOX Business
Aug 5, 2013 1:00pm EDT
games in the ongoing investigation, and among those, texas rangers right fielder cruz, detroit shortstop, and still no word on yankee's star alex rodriguez. adam: embassies authorized to open by the state department after they were closed sunday because of a threat from al-qaeda. nineteen posts, however, remain closed as a result of what the state department calls an exercise of caution. back in the united states, no suggestion that new york city faces a direct threat. the nypd made no changes, even as the department of homeland security beefs up its presence at airports and train stations. fox news middle east and terrorism analyst joining us with the latest development. i got to let you know, i'm going to bring something into the discussion, you know, the price of oil is actually falling right now, indicating that at least investors don't seem as concerned as the u.s. government. is this a false alarm? i mean, we have members of congress saying it was a cred l -- credible threat. >> look, the financial world is always concerned about the financial root, the financial structures, so if
FOX Business
Aug 9, 2013 1:00pm EDT
pleasure. lori: gerri willis will talk with bill emerson from detroit. he runs the long largest online mortgage lender. "the willis report," 6:00 and 9:00 p.m. adam: americans can't get enough of "sharknado." the campy movie is twitter sensation, so much so sci-fi launch ad contest to name the sequel. after 5000 title submissions, the winner is, are you ready for this? "sharknado" 2 the second one. look out shark fans, a storm is coming to your tv next summer. lori: can't put your finger on why, but that movie is an absolute sensation. adam: like the old american international films from the '60s that they used to run on tv, sci-fi films real low budget and made no sense and they make a gazillion dollars. with all the sharks and agents in los angeles, you would think sharks would be out there. lori: there was a shark on the subway in new york. that was little scary. adam: picture of kids found it on the beach and took it on the n train i think. lori: absolutely. more on "sharknado." when sleeping on the job might be a good thing. a company that has employees living and working together
CNBC
Aug 1, 2013 9:00am EDT
of the things i want to talk to him about, the detroit store, everyone is running from detroit, whole foods runs to detroit. what a great american company. >> you do forget, i think, seven, what is it, we say 75, some of these stores are more than a decade old, jim. >> the new stores are doing exactly what they want and that's still remarkable growth. chicago po chipotle and starbucks, a pantheon of people behind the scenes and they all talk to each other and whole foods needs to do a credible infinity program not unlike what starbucks has, they'll do it. but this quarter there was a guy that said, listen, i was at your -- really kind of funny. a new guy, identify was at your des moines store and that was not a good store. they come right back, have you been to our, mentioned the oxnard store. there was such an timothy, it's not like they are idiots. they're the best operators there is! and the people were, like, you know, slamming them, will you give me a break! give me a break! >> okay, i will. i'm happy to give you a break when you want one. >> thank you. i felt there was a lack of respect on
CSPAN
Aug 10, 2013 9:00am EDT
had the responsibility of trying to raise two younger sons on her own, in this city of detroit, later inner-city boston and back to detroit after she got her footing and that was very difficult. she only had a third grade education. she worked very hard at cleaning people's houses, leaning at 5:00 in the morning, usually not getting back before midnight going from job to job job. for some reason she had the same for welfare in the sense that she was very observant and noticed that no one she ever saw go on it came off of it and she didn't like the idea of being dependent her whole life so she figured she would work as long and as hard as she needed to and somehow god would take care of her. i was an awful students, but i loved the concept of medicine. any time there was a story on television or radio about medicine i loved hearing about the story. interestingly enough the big medical breakthroughs seemed to come out of johns hopkins. i even internalized as a little kid the one day i wanted to work at johns hopkins. i told my mother wanted to be a doctor. gee think i could be a doctor?
PBS
Aug 6, 2013 12:00am PDT
to blow up an airliner go approximating into detroit a few years back. this use of cargo planes to try to move moneyicians into the united states. i think aqap is seen as being of the various al qaeda offshoots particularly good at certain types of moneyicians or bomb making which could be deployed, you know, in europe or the united states that i think made people in the intelligence community particularly nervous with all this chatter. there is one bomb maker a saudi which works with aqap, there were some reports he had been killed in some of the drone strikes in yemen. i don't think people are totally sure. but the expertise he developed i think is believed to have lived on within this one al qaeda affiliate. and that's part of the threat that has made people really nervous. >> rose: what was his name, al cece was the last name, correct. >> so peter what you can tell us about aqap? >> well, you know the blom maker we're describing, he is 0 for 4 with the number of serious plots. he tried to kill the saudi minister of inter who is responsible for counterterrorism, tried to blow up a n
CNBC
Aug 1, 2013 7:00pm EDT
not been a problem. >> go talk to the people in detroit and ask them how their debt problem is. >> i agree. detroit's got problem. listen to president obama. i think he's got this one right. the deficit has come down substantially. spending has come down substantially. a good left-wing keynesian would be worried we're not getting enough fiscal stimulus. i don't believe any of that nonsense but that's what they would be saying. it's hard for me to worry about that. i am more concerned about capital spending and whether businesses will invest and that's the ultimate job creator. at this point i'm just trying to find, you know, poke a hole or two. things look so good. every single sector today was up, ed butkowsky. when i see that and see this euphoric, i think i better look for something else. you get the last word. >> i have been bullish for many years and you just take a snapshot. right now this evenings look gr. anybody who dropped down from outer space and looked at stock prices, you say things look really good. however, you really never know. >> thank you dennis gartman, dan greenhaus,
CNBC
Aug 16, 2013 6:00am EDT
's creating a lot of buying opportunities. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the town considering taking back through em90 domain? >> that's not really what i'm talking about. it's more about the fight between the pensioners and the hoerlsd and the rest of the players in these situations. >> it could happen on a federal level. you are talking a 30-year bond. it's a long time to hold out. >> definitely. at 10%. that's a crazy number. so my.is the that any sort of normalization of these markets will see those, a nice inflation and total return in a i'm in like that. so we like those things. there are more and more of those popping up on our radar screen every
Al Jazeera America
Aug 27, 2013 10:00pm EDT
history moved deeps into yosemite national park. >>> the city of detroit is getting a makeover. the state plans to demolish nearly 4,000 abandoned homes to remove the blithe. >>> and at least 21 people in texas have been sickened from a measles outbreak. that's the headlines "consider this" is up next on al jazeera. ♪ ♪ >>> who is bash aral-assad. the syrian president could be forcing america into another unpopular mideast war. how did a man who trained to be an opthal gist turn into this leader. >>> and a count think clerk takes what he says the current law into his own hands and joins the hands of those who want a marriage certificate regardless of their sexual preference. should one man be able to change the same-sex marriage debate? good evening, i'm antonio mora, and welcome to "consider this." we begin with syria, as the obama administration weighs its options to intervene in syrian's civil war, the white house's repeated calls for bashar al-assad's removal. >> reporter: after two and a half years of turmoil, leaving more than 100,000 people dead, the man ruling syria has earned
MSNBC
Aug 6, 2013 12:00am PDT
, they tried to blow up a transatlantic jet that was descending into detroit. so, you know, it's very difficult to figure out exactly where to defend. and so therefore, you have this very to some degree vague warning out there saying that people should be vigilant and at the same time, you know, don't change your behavior significantly. >> you were talking about the sort of yemen connection. you know, i think it's a bit confuing when you hear the attacks are attributed to al qaeda. you have al zawahiri. what can you tell us about the relationship between these two men? >> well, i think it's interesting this communication took place between them. we hear a lot about how al qaeda in the arabian peninsula is the sort of -- the affiliate that -- the only affiliate that can do anything anymore and al qaeda in pakistan are to some degree marginalized and he's spending so much time in hiding he can't help run a global organization. this shows the two are in communication and zawahiri has some influence over them. wuhishi was an aide to bin laden and in many ways ascended the ranks because of bin laden
CNBC
Jul 31, 2013 11:00pm EDT
remarkable. yes. >> i'm from detroit, michigan. i'm wondering what you think the recent bankruptcy is going to do to ford. >> ford is going to have no impact. malawi, great thing to do with the natural gas. i think it's going to go to 20 within this year. maybe as high as 23. do not worry about ford in detroit. they are separate from each other. that's it? okay. don't let the chance slip by of the last day of the most bullish month of the year. the win belongs to those who do the homework and are in the arena. the loss, bye bye. we'll be right back. >> atomic action. buffalo wild wings chewed through wall street's expectations as it slatherred on the profits. the stock's been a wild winner in 2013. but is the future mild, medium or hot? don't miss cramer's exclusive with the ceo and later, well traveled? the travel sector has been experiencing its share of turbulence. trip adviser headed skyward after earnings while expedia's flight was grounded. tonight, cramer checks in on price line. is it looking five star or more like a bates motel and cloud computing and health care technology drive t
CNBC
Aug 1, 2013 1:00pm EDT
? >> eric, i know you're joining us from detroit. a quick question regarding the sales for you guys, up more than 11%. but when you take a look at where trucks were, the real engine of your growth. are you seeing strength in one particular area of truck sales around the country, or is it pretty much across the board? >> it's pretty much across the board, phil. we are seeing some strength in some of the hotter housing markets, such as in california, new york and places like miami, but we're seeing truck strength really across the board. there really aren't any regions across the country that are down on trucks right now. >> while your truck sales were up 22.6%, i want to talk about the fusion, which is your top-selling car. sales down 12%. i know you were supply constrained because you were ramping up production at your flat rock assembly plant, but it brings up the question, did you leave some sales on the table last month? >> well, certainly if we had more inventory on some of our key vehicles like the fusion, we probably could have done even a little better than what we did on the retail s
MSNBC
Aug 11, 2013 7:00am PDT
an asset price bubble. you can't get off that ride, unless you're moving to another country. >> or detroit where you can still pick up a house for $10,000. but then you're not in -- as you point out, people make housing choices on schools, economic opportunities, jobs. >> let me ask you this. when we looked at the disparities in subprime loans, 2006, 30% of these loans went to women. much likely men to get subprime mortgages. even high-in come african-american borrowers were likely to get subprime mortgages than white borrowers. was that about being a bad decisionmakers, women aren't good with their money or are we seeing targeted behaviors and those behaviors are still unaddressed? >> additionally these lenders targeted elderly african-american women with high equity in their homes. when they perfected this whole process of scamming people out of their equity, they rolled it out to communities of color, primarily african-american communities, because they didn't have enough people who spoke spanish to hit that community. they hit the spanish community later. but it was a targeted theft of
CSPAN
Aug 27, 2013 10:00am EDT
for detroit. 20 10 air cargo threat as well as other plots that were effectively mitigated. some more international in scope and origin like the christmas they plot was involved a nigerian citizen who purchased his ticket in ghama,. flew from legos to amsterdam and attended to ignite a bomb en route to america. that attempted attack, we learned that relevant information possessed by u.s. customs and border protection needed to be available overseas at the last point of departure for the united states. we fixed that. we learned that our adversaries were moving to nonmetallic devices. we adapted our screening technology and tactics to counter that. learned that a single vulnerability in any part of the aviation system can make everyone connected to it vulnerable. since we don't control security at foreign airports, we have to work even more closely with international partners to raise the overall security of the system. we did that. shortly after the christmas day plot, i launched a worldwide initiative to make these needed changes in close collaboration with our strongest allies. i am
CSPAN
Aug 30, 2013 8:00pm EDT
to the end of july, the bankruptcy of june choi it -- the bankruptcy of detroit. there was an interesting confusion ourng media assistance. we have not seen that. detroit has faded away from the conversation in washington. have you been working on that with the ministration? do you think something is forthcoming? what would that -- what is key here, what would that systems entail? the fed can lead to detroit? more infrastructure grants go to the city. try to be as specific as possible as what the federal solution would be. >> we do not have time to wade through all that be specific. 30 seconds or less. let me talk about bankruptcy in able get to as much of your question as we can. there are two instances over the last couple of months where there has been abuse of the bankruptcy laws. take the one dealing with people and minerals. peabody coal has been in the industry for 100 years. they became a staple. alone back inand 1970. what do they do? arch get all of the legacy costs from a all those hundred years. the create this coal company called patriot. they put all most all of the legacy c
FOX Business
Aug 27, 2013 1:00pm EDT
and more than half of the company's 1.3 million u.s. employees are on its health care plans. >>> in detroit a federal judge moved up the a hearing on the city's eligibility for bankruptcy. instead of october 23rd, egin on september 18 to determine whether detroit is insolvent and if the city negotiated in good faith with its creditors. >>> texas is home to four out of top five cities for u.s. business. baltimore was fourth and hughes to infifth. rankings are based on growth rates, local taxes and regulations. >>> that's the latest from the fox business network, giving you the power to prosper. lori: who wants to intentionally step on broken glass when you go to the beach? well some florida beach communities are actually talking about putting it in the sand. joining me now from miami beach is fox's phil keating. hi, phil. >> hi, there. down here in florida, sand is is like gold. it draws millions of tourists every year which contributes $70 billion to the state's economy. believe it or not because of erosion constant along the coastline, you can see it with the three or four foot drop down t
FOX Business
Aug 28, 2013 1:00pm EDT
-free municipal bond, but does detroit give you cause for concern? and other cities across the country that are in similar condition? >> well, i wouldn't touch the cities. you've got to do your homework. so, cities, whether it is harrisburg or detroit or stockton, california, they're are a number of cities you've got to get under the hood and look at the credits but if you look at the highest grade, quality tax-free bond today, they're out there with the yields between 4 and 5% and they're not city credits. they're not detroit's. when that analysis is done, at our present tax structure the taxable equivalent yield is about nine. where are you going to get nine in a liquid investment of very high credit quality? i don't see very much of it. so we shifted allocation to tax-free bond. ashley: very good. do your homework. always good advice. david kotok, thank you so much for joining us. we appreciate it. >> thank you. lori: let's take a specific look at the market because the gains thus far are evaporating slightly. lauren simonetti joins us from the floor of the stock exchange. you're wa
FOX Business
Aug 30, 2013 11:00am EDT
with more from detroit. >> there are tens of thousands of abandoned homes like this one across the city. that has led to increases in crime, decreases in property value and a drain on precious city dollars. the goal of the new initiative is to take these abandoned homes and in turn, decrease foreclosures, rebuild neighborhoods by making them look like this. >> stay away and will be shot. sounds like a common sight in neighborhoods all across the motor city where there are more than 78,000 abandoned homes, most of them fall out from the housing crisis. morrison 30 of those are on robert couch's small street and are magnets for swatters, scrapper's and criminals. >> let the community down, it is no community, we do what we can put neighbors can't do it by themselves. >> help is on the way in the form of wrecking balls and dump trucks. in a first of its kind program michigan is taking on detroit's foreclosure crisis and attempting to stabilize its neighborhood by demolishing 4,000 abandoned homes across the city calling it the largest ef history. >> by eliminating the blight in a neighbor
CNBC
Aug 5, 2013 6:00am EDT
of civilizations that have gotten into trouble. in detroit, people are wondering, do we have the same problems that crop up here? >> we are. we can fix them. basically what happens to a great power when it stumbles, its politics don't keep up with economics. it was true in rome and china, otoman empire. true today, our problem is the debt crisis. >> the debt crisis and some people would say entitlements. you have to look at that. republicans are saying that. >> at the federal level. itself the core of it. the nation is on an unsustainable path. with key fix this. we request get our mojo back, growth back, tomorrow, not today. >> what do we have to do? >> we need to get on a glide path to slow entitlement programs and bring down government spending and debt overtime. with decan do it in a way that's aggressive or gradual. we have to start now. >> i look at what was happening in detroit. is this a situation when you don't take action, this is where you wind up? are there other municipalities set up in a similar way or is detroit unique because of the huge numbers of people who have left? >> well
CNBC
Aug 29, 2013 9:00am EDT
the challenges in front of detroit. >> yes, that was really good. that was really good. >> very nice work. >>> speaking of the consumer, kelly evans talked about it on the i yesterday. >> morning, yeah. >> not your father's volatility is the joking reference here but, in fact, there's quite a bit of important things happening below the surface. gdp report which showed 2.5% growth, critical. what we need to see is that kind of performance repeated in the second half of the year to support interest rates at these levels. look at what's been happening with regard to where we've seen more of the action lately. not in the stock market so much, and we can see the narrow trading ranges we've been in. the vix hasn't gone anywhere. the story is about the volatility, guys, in the bond market. there's a term for this that the fed uses and has been focused on lately. it's called term premium. the fact that we've moved on the ten year. the key interest rate which determines everything from mortgages to speaking the cost of finance across the economy, the fact that that's gone from below 1.7% to almost
CSPAN
Aug 18, 2013 9:00am EDT
of passengers. that was november 1972. went three fugitives from justice to me from detroit and one of the brothers from tennessee hijack a southern airways flight over alabama. their demand was $10 million, which is by far record ransom demand. but they said that they didn't get $10 million they were going to crash the plane into the oak ridge national laboratory which has a nuclear reactor with uranium-235, which, of course, a comic bombs. urgently, what happens, they were circling around knoxville waiting for the money to be gathered by southern airways which had a hard time getting the money. eventually they get $2 million a log the back of $2 million on the plane. $2 million with 150 pounds. so these three minutes need so these three minutes need money so these three minutes need money and they're like it's $10 million, it's got to be. so fortunate it didn't bother to county. if they would realize they've been shorted by $8 million, who knows what would've happened? it end up going into cuba and their imprisoned and things don't end well for them. but after that, shortly afterw
CNBC
Aug 9, 2013 5:00pm EDT
. >> well, run by -- >> run by aluminum. >> it's in detroit, i think. >> they definitely control a lot of supply. in the same vein, the mining space, material space, look at the moves they've had over the last couple days. not necessarily inspired by the chinese data over the last two days. it was good. it showed stabilization. but it didn't tell you to run out and buy every mine. you've seen a lot of short covering. if you look at the chart on cleveland clinic, it has a broken trend back to july of 2011. again, you're seeing ore prices move a little bit higher. their cash costs, margins have gone down. they're very, very levered to the price of iron ore. if it goes any higher, you go with that. walter energy had a restructuring of a lot of debt. that is also why you're playing this one, not because they're going to the -- >> it's been materials this week, miners. nice action this week. newcore s, u.s. steel, all of these up. so would you buy into this? >> josh and i, we had a street fight a couple weeks ago about u.s. steel. >> go ahead. >> trading 17 1/4. we talked about exactly this
CNBC
Aug 12, 2013 4:00am EDT
, you might be surprised to hear how detroit handled a $1 million check like chump change. we'll tell you more. that's coming up after the break. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> and these are your headlines. u.s. authorities are reportedly set to arrest two former jpmorgan employees allegedly tied to the london whale losses. >>> japan's economy grows less than expected in the second quarter, casting doubt over plans for a sales tax hike. >>> prudential ceo tells cnbc he's still confident on asia after posting a 22% surge in group operating profits. >>> i just want to bring you some flashes from the german finance ministry. it is not aware of a new document on greece. now, this comes hot on the heels of the reports in a german magazine saying bundesbank is preparing
Al Jazeera America
Aug 28, 2013 1:00am EDT
're seeing the kinds of policies in philadelphia, detroit, and chicago, that are gutting those urban areas, and at the end of king's life, he was talking about what was happening in urban areas like chicago, so i think he would be asking us to turn our attention back to those places, and figure out how to create life chances for folks come that is sustainable. >> brittany don says we have to teach more than the sanitized civil rights. how do we connect it to the king? >> i think she is absolutely right. in 68 when king got killed there was a more robust movement that was talking about capitalism, i had a friend email me to say that when she went to the march this weekend there was not a lot of accessibility for folks in wheelchairs. >> sierra dream defenders uses traditional situations to get your point across. you staged a month-long sit-in in florida for the governor's office. do you think following dr. king's for-september for-septembers -- for-cept are still the way to go? >> absolutely. things haven't changed. we haven't really won on the issues, and i think that's because, you know,
CSPAN
Aug 18, 2013 5:30pm EDT
was in detroit and the lady had a ministry to moms. she goes to the muslim house. out of the room comes another pregnant mom. and not of the room comes another pregnant mom, all pregnant by the same guy. and then another guy comes up and says, i am in the neighborhood and thoughtful, the muslim but a whole bunch of houses on the street. he is away from each one, tells them to sign up for welfare and they are all being paid for by the state. so they practice it in her house and then on their street and then a part is in their neighborhood. and then make it a community like dearborn. since they're the ones in charge, they vote muslims into the leadership and began to have their call to prayer. it takes over a puddle by the dole. an example of sharia law. in morocco, the judge ordered a girl to marry her and she committed suicide. these are political militant muslims that want to move into the west and it's important for us to grow up and realize that islam is not just a religion. it's a political military system because mohammed was not just a religious leader. >> okay, any other questions? >> ni
MSNBC
Aug 26, 2013 2:30am PDT
"morning joe" and "way too early" will be live in detroit for the special report from motown. still ahead on "way too early," your best and most creative tweets on how to ruin a foreign tradition in america. [ whispering ] uh! i had a nightmare! the house caught fire and we were out on the streets. [ whispering ] shhh. it's only a dream. and we have home insurance. but if we made a claim, our rate would go up... [ whispering ] shhh. you did it right. you have allstate claim rate guard so your rates won't go up just because of a claim. [ whispering ] are we still in a dream? no, you're in an allstate commercial. so get allstate home insurance with claim rate guard... [ whispering ] goodnight. there are so many people in our bedroom. [ dennis ] talk to an allstate agent... [ doorbell rings ] ...and let the good life in. [ dennis ] talk to an allstate agent... a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and i
PBS
Aug 1, 2013 4:30pm PDT
were the big drivers last month. general motors topped detroit's big three in sales growth with a 16% increase and as you can see they are ford and chrysler posed sales increases of 11%. >> and ford motors in the meantime agreed to pay a top fine to settle a fight. ford will pay the government 7.35 million to settle allegations it was slow to recall nearly a half million ford escapes last year to fix sticking gas peddles. ford knew about the problem, back in may of 2011 but failed to take action until the agency began the investigation a year later. >>> the billionaire investor carl icon is suing dell in an attempt to stop proposed rule changes for tomorrow's scheduled shareholder vote on michael dell's 24 billion-dollar off. it is aimed at stopping dell from rescheduling the vote and changing the record date. mr. icon believes changing the record date could color the outlook outcome but letting more recent shareholders vote. >>> the international trade commission is delaying the decision until august 9th whether to ban certain samsung phones. commission ruled apple violated some sam
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